The Dubal Holding Company has been in concern for setting up multiple projects in the UAE; a low carbon aluminium plant is at high priority as communicated by the CEO of Dubal Holding today.
The Dubai government’s investment arm for power and energy, commodities, mining and industrial projects is under the consideration of Dubal Holdings
During the AGM press statement, Abdulnasser Bin Kalban said: “the investment firm is actively pursuing the development of an integrated aluminium rolling facility that will produce aluminium with low CO2 footprint.
He said the projects "will support infrastructure and investment strategy for a potential future assembly line for an electrical vehicle facility to support the UAE Green Economy."
He added, “Additional projects under study include an integrated scrap recycling facility and cast aluminium wheel manufacturing plant.”
The 50% subsidiary of DH is Emirates Global Aluminium (EGA). It has recorded a total production of 1.1 million tonnes of alumina at its Al Taweelah Alumina Refinery in Abu Dhabi in 2019. The company's Bauxite mining project in the Republic of Guinea (Guinea Alumina Corporation) commenced production in August and mined 1.7 million tonnes of bauxite during the year.
Ongoing projects at DH include a 625-megawatt CCGT Power Block and 9 MIGD RO desalination project at EGA-Jebel Ali and expansion of specialised aluminium extrusion capacity.
Saeed Mohammed Al Tayer, Vice Chairman of DH said EGA remains the third-largest producer of primary aluminium in the world outside China with 2.60 million tonnes of cast metal sales during the year. He said EGA's exports, covering 50 countries and more than 400 customers, account for 87.40% of total sales.
source https://www.alcircle.com/news/low-carbon-aluminium-plant-is-on-planning-as-upcoming-project-for-dubal-holding-53365
It's a great intiative by Govt of UAE as they are coming up with low carbon auminium plant. So companies with Aluminium plant in Dubai can get a good returns.
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